Mitie Group (LON:MTO) Insider Purchases 1,744 Shares of Stock

Mitie Group plc (LON:MTO) insider Salma Shah acquired 1,744 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of GBX 211 per share, for a total transaction of £3,679.84.

Mitie Group Stock Performance

Mitie Group stock remained flat at GBX 210 during midday trading on Thursday. The company’s stock had a trading volume of 131,565,328 shares, compared to its average volume of 17,414,199. The company has a market capitalization of £2.62 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 10.10 and a beta of 0.89. Mitie Group plc has a 12 month low of GBX 134.80 and a 12 month high of GBX 214. The company’s fifty day simple moving average is GBX 208.80 and its 200 day simple moving average is GBX 182.52. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MTO. Royal Bank Of Canada cut their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 195 price target on shares of Mitie Group in a research report on Monday, June 8th. Finally, Berenberg Bank cut Mitie Group to a “hold” rating and lowered their target price for the company from GBX 230 to GBX 219 in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Mitie Group currently has an average rating of “Moderate Buy” and an average target price of GBX 201.25.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.